Caribou Coffee hit with Wage and Hour lawsuit in midst of public offering of 90Mil securites

Caribou Coffee, a very popular coffee chain similar to Starbucks, has been hit with a wage and hour violation lawsuit right in the midst of its public offering for 90 million dollars of stock.

This lawsuit which will be a class action suit, is being led by Jon Tostrud of Mpls, and who indicates that the mangers of Caribou are typically hired as exempt employees for 40 hours per week and then end up working 55 plus hours a week doing mostly waitress work. He indicates that these type of lawsuits are growing in number and that Starbucks was also sued over this issue.

Click on the post to read the entire story in the St. Paul Pioneer Press.